Fmr LLC Cuts Position in Chart Industries, Inc. (NYSE:GTLS)

FMR LLC reduced its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 21.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,990,576 shares of the industrial products company's stock after selling 795,661 shares during the period. FMR LLC owned about 6.99% of Chart Industries worth $371,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. EFG Asset Management North America Corp. boosted its stake in shares of Chart Industries by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 13,279 shares of the industrial products company's stock valued at $1,916,000 after buying an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Chart Industries by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,871 shares of the industrial products company's stock worth $270,000 after acquiring an additional 64 shares during the last quarter. Arizona State Retirement System grew its holdings in Chart Industries by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 11,836 shares of the industrial products company's stock worth $1,708,000 after acquiring an additional 87 shares in the last quarter. Aristeia Capital L.L.C. grew its holdings in Chart Industries by 3.7% during the 2nd quarter. Aristeia Capital L.L.C. now owns 2,611 shares of the industrial products company's stock worth $377,000 after acquiring an additional 92 shares in the last quarter. Finally, Register Financial Advisors LLC increased its position in shares of Chart Industries by 1.6% in the 2nd quarter. Register Financial Advisors LLC now owns 6,361 shares of the industrial products company's stock valued at $918,000 after purchasing an additional 100 shares during the last quarter.

Chart Industries Stock Performance

Shares of GTLS stock traded down $2.35 during trading hours on Friday, hitting $193.25. The stock had a trading volume of 479,043 shares, compared to its average volume of 1,130,140. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a market capitalization of $8.27 billion, a PE ratio of 56.01, a PEG ratio of 0.99 and a beta of 1.71. The stock's 50 day moving average is $143.84 and its 200 day moving average is $139.98. Chart Industries, Inc. has a twelve month low of $101.60 and a twelve month high of $196.91.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.56 by ($0.38). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. As a group, research analysts forecast that Chart Industries, Inc. will post 9.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America lowered their target price on shares of Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Stifel Nicolaus upped their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Craig Hallum raised their target price on Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Morgan Stanley upgraded Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Finally, Barclays dropped their price target on shares of Chart Industries from $146.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $178.82.

Insider Buying and Selling

In other news, Director Paul E. Mahoney purchased 500 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares in the company, valued at $224,500.85. The trade was a 31.11 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $240,250. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,152 shares of company stock valued at $482,278 over the last quarter. 0.95% of the stock is currently owned by insiders.

Chart Industries Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.